Blog - Page 4276 of 5761

FridayMay 01, 2009 5:08 am

Intelligroup, Inc. (ITIG.OB) Announces Financial Results for Q1 2009

Intelligroup, Inc., an information technology and outsourcing services provider primarily focused on enterprise resource planning (ERP) and extended ERP solutions, today reported its operating results for the first quarter ended March 31, 2009. Q1 Highlights include: • Q1 ’09 revenue decreased 19.7% to $30.9 million compared to $38.5 million in Q1 '08 • Q1 ’09 gross margin rose to 31.2% compared to 29.7% in Q1 ’08 • Q1 ’09 operating margin was 5.9% compared to 4.4% in Q1 ’08 and 7.9% in Q4 ’08 • Q1 ’09 net income was $0.8 million, or $0.02 per diluted share, compared to $1.9…

FridayMay 01, 2009 4:54 am

First Northern Community Bancorp (FNRN.OB) Reports Earnings for 1st Quarter

First Northern Community Bancorp, holding company for First Northern Bank, announced after the bell yesterday its financial results for the first quarter of 2009. Owen “John” Onsum, President and Chief Executive Officer, stated, “The Company reported year-to-date net income as of March 31, 2009 of $453,000 or $0.04 per diluted common share, compared to net income of $60,000, or $0.01 per diluted common share earned in the same fiscal period last year.” According to the press release, total assets at March 31, 2009 were $688.4 million, an increase of 1.15%, or $7.8 million, compared to the same period in the…

ThursdayApr 30, 2009 10:30 am

EV Innovations Inc. (EVII.OB) Electric Vehicles Gain Recognition at NY Auto Show; Hints at Future Production Capacity

EV Innovations Inc. (EVII.OB) develops and markets electric powered vehicles and products throughout the United States. The company’s portable battery power pack technology and conversion systems can be used in a variety of vehicles, including ATVs, electric bikes and electric scooters. EVII’s electric vehicles are not only gaining recognition by environmental enthusiasts and auto lovers, but from journalists as well. At the recent New York International Auto Show, Marketwatch reporter Steve Gelsi interviewed EVII executives and showcased the company’s sleek and futuristic electric vehicles in a short video. Commenting on the company’s planned vehicle production, Mike Cerven, director of sales…

ThursdayApr 30, 2009 9:34 am

Sector 10, Inc.’s (SECT.OB) Pericles Logix System Gives Responders Real-Time Location of Survivors during an Emergency

Humans are creatures of habit. We tend to keep the same morning routine and are apt to sleep better if we keep the same bedtime routine. But when we’re caught in an emergency, we’re oftentimes left in a heap and unsure of what to do. Of course if we’re able to find information about what is happening and what we should do about it, then we’re more at ease. Sector 10, Inc., an emergency response systems company, has the tools that enable everyday citizens to get critical information when a disaster hits. The company has developed an interactive software program…

ThursdayApr 30, 2009 8:54 am

Angel Acquisition Corp. (AGEL.OB) Announces Merchant Account Affiliation and Platform for Micro-Lending

Angel Acquisition Corp was pleased to announce today that it has established a vendor relationship with Set for Life Financial (SFL). As terms of the agreement, Set for Life Financial will provide and manage the key components for transaction processing and micro-loan disbursements of the Angels in Action program. Tim Rocho, CEO of Set for Life Financial, LLC, stated, "Set for Life Financial is pleased to be a key component of the Angels in Action program, providing them the ability to accept credit cards and checks over their website without a 'cap on' transaction volume. The acceptance of all major…

ThursdayApr 30, 2009 8:45 am

Patriot Scientific Corp. (PTSC.OB) Receives Coverage from Taglich Brothers

Today, Taglich Brothers, Inc. announced that it has initiated coverage of Patriot Scientific Corp. Taglich Brothers is known for focusing exclusively on microcap companies. The full-service broker dealer currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community. In the 36-page report, Taglich Brothers stated, “We are initiating coverage on Patriot Scientific Corporation (OTC BB: PTSC) with a Speculative Buy rating and a twelve-month price target of $0.25 per share based on our expectations for operating revenues and earnings of affiliated companies and a relative analysis. Our rating is based on the potential…

ThursdayApr 30, 2009 8:36 am

N8 Concepts, Inc. (NECO.OB) Appoints New President and Chief Executive Officer

N8 Concepts, Inc. announced today that it has appointed Steven Conboy as President and Chief Executive Officer. Mr. Conboy has over three decades of diverse experience in all facets of the lumber and home building industry, as well as extensive entrepreneurial experiences in the engineered wood products sector. Mr. Conboy will be responsible for directing all areas of the company's operations and strategic initiatives. "I am honored and excited to lead N8 Concepts in its new direction. I am confident that with my experiences in the home building and lumber business, we can create a solid organization. The building industry…

ThursdayApr 30, 2009 7:39 am

Imaging Diagnostic Systems, Inc. (IMDS.OB) Announces Appointment of Managing Director for India

Imaging Diagnostic Systems, Inc. announced that it has appointed Dr. Rajesh Suresh Sheth as its Managing Director for India. Dr. Sheth will be responsible for marketing and promoting the CT Laser Mammography system to hospitals and imaging centers throughout Mumbai and New Delhi. “I personally feel that this modality, i.e. CTLM will facilitate quality healthcare & provide one of the best health care solution for a diagnostic approach in Mammography,” stated Dr. Rajesh Sheth, Chief Radiologist of Shree Krishna Polyclinic. With more than 18 years of experience in the field of radiology, Dr. Rajesh Sheth is regarded as an establish…

ThursdayApr 30, 2009 7:26 am

Ronn Motor Company, Inc. (RNNM.PK) to Meet With Chinese Automakers and Government to Discuss H2GO(TM) System

Ronn Motor Company, Inc. announced this morning that representatives from Ronn Motors and Frigette Energy Systems have made plans to travel to Beijing, China in June to meet with Chinese automakers and the Chinese Government to demonstrate the H2GO(TM) real-time Hydrogen injection system’s fuel efficiencies and positive environmental impact through significantly reduced emissions. Ronn Maxwell, CEO of Ronn Motors, commented, "The Chinese Market represents a potentially lucrative market for the H2GO(TM) system and our automobiles. In the United States, there are approximately 998 automobiles for every 1000 people, whereas in China, the ratio is about 2 automobiles for every 1000…

ThursdayApr 30, 2009 6:14 am

Aria International Holdings, Inc. (ARAHE.OB) Subsidiary Awarded $9.7 Million Contract

Aria International Inc. is a wholly-owned subsidiary of Aria International Holdings Incorporated (OTCBB: ARAHE). Aria International Inc. is a company focused on providing specialized surveillance and communications solutions to a global customer base. Aria operates as a solutions provider, systems integrator, and operator of surveillance and communications systems. Aria International announced today that it has been awarded a contract from the Kingdom of Thailand's Royal Thai Army to provide in-country surveillance and communications solutions and services. The Royal Thai Army agreed to purchase certain intelligence and surveillance equipment from Aria for a total purchase price of $9.7 million. As part…

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